Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Iraq is fully committed to the OPEC+ cut deal -oil minister
BAGHDAD (Reuters) - Iraq's new oil minister Ihsan Abdul Jabbar affirmed in a phone call with Saudi energy minister Prince Abdulaziz bin Salman Iraq's full commitment to the OPEC+ production cut deal, ...
Jun 08, 2020
Macy’s raises $4.5 billion to shore up funds as stores reopen, shares surge
(Reuters) - Macy's Inc said on Monday it raised a total of $4.5 billion, including $3.15 billion in new borrowings against its real estate assets, as the department store chain tries to navigate throu...
Jun 08, 2020
GE reopens parts of prior debt offerings to raise $3 billion
(Reuters) - General Electric Co said on Monday it reopened portions of its prior debt offerings for $3 billion in total proceeds to boost its cash reserves amid the coronavirus crisis. The company sai...
Jun 08, 2020
Nasdaq hits record high as U.S. recession becomes official
By Noel Randewich (Reuters) - Surging technology and communications stocks have put the Nasdaq on the cusp of confirming that it is in a new bull market just 16 weeks after coronavirus fears smashed s...
Jun 08, 2020
JetBlue to fly about 50% of July schedule, more in August: CNBC interview
CHICAGO (Reuters) - JetBlue Airways Corp expects to fly about half of its original schedule in July, up from about 25% to 30% in June, and a bit more in August as leisure demand begins to recover, Chi...
Jun 08, 2020
Fed eases terms of Main Street loans, tells banks to start disbursing
WASHINGTON (Reuters) - The U.S. Federal Reserve eased the terms of its "Main Street" lending program on Monday, lowering the minimum loan size from $500,000 to $250,000 and lengthening the term from f...
Jun 08, 2020
Investment funds buy $20.702 billion two-year note in June: U.S. Treasury
Large investment managers bought $20.702 billion at a 2-year note auction held in June, compared with the $20.987 billion they purchased the previous month, data from the U.S. Treasury Department rele...
Jun 08, 2020
Trump open to another coronavirus relief package: White House
WASHINGTON (Reuters) - U.S. President Donald Trump is open to another economic relief package in response to the coronavirus pandemic and remains in favor of a payroll tax holiday, White House spokesw...
Jun 08, 2020
One third of Irish hospitality jobs hinge on distancing rules – report
DUBLIN (Reuters) - Ireland's tourism and hospitality sector will be able to rehire more than twice as many workers if social-distancing guidance is cut to 1 metre from 2 metres, research by the nation...
Jun 08, 2020
Nestle confirms sale of Buitoni brand’s North American business
ZURICH (Reuters) - Nestle SA is selling the North American business of its Buitoni pasta brand to private-equity firm Brynwood Partners, the Swiss food group said on Monday. It was confirming a report...
Jun 08, 2020
